Texas Appraisal in Dallas perform appraisals for diverse purposes

Thousands of people in Texas buy, sell or refinance their home each year. Many of these transactions consist of a simple line item for an appraisal. And while there are a developing number of automated home valuation processes that might seem more cost-effective than an appraisal, almost all lenders still want a local expert because the stakes are very high. But is obtaining a mortgage the only reason to get an appraisal? Are there additional times when the services of a licensed, independent real estate professional might be helpful? You bet.


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Let Texas Appraisal help you appeal your tax assessment in Dallas County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Texas Appraisal is your best evidence. At Texas Appraisal,we can assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Texas Appraisal will provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the troublesome decision of who keeps the house, and it can be a very traumatic event for both parties. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Texas Appraisal, regardless of the circumstances.

The parties will have a better idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Texas Appraisal can help you with relocating to or from Dallas County

We understand the headaches associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered.

Don't sell out short or let your home stay on the market too long.

A professional appraisal will help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value we come up with, but rather they rest on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, seeking a professional appraisal is a trusted way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market too long, costing you hassle and money.